Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Current assets:
Cash and cash equivalents	$ 34,596	$ 23,818
Accounts receivable, less allowance of $34,119 at March 31, 2020 and $38,849 at June 30, 2019	618,758	654,983
Inventories	666,458	697,343
Prepaid expenses and other current assets	116,221	101,171
Total current assets	1,436,033	1,477,315
Property and equipment, net	60,891	63,363
Goodwill	338,358	319,538
Identifiable intangible assets, net	133,228	127,939
Deferred income taxes	23,635	24,724
Other non-current assets	81,656	54,382
Total assets	2,073,801	2,067,261
Current liabilities:
Accounts payable	608,417	558,101
Accrued expenses and other current liabilities	108,086	91,407
Current portion of contingent consideration	45,660	38,393
Income taxes payable	989	4,310
Short-term borrowings	143	4,590
Current portion of long-term debt	6,901	4,085
Total current liabilities	770,196	700,886
Deferred income taxes	1,077	1,395
Long-term debt, net of current portion	145,050	151,014
Borrowings under revolving credit facility	168,502	200,817
Long-term portion of contingent consideration	0	39,532
Other long-term liabilities	91,298	59,488
Total liabilities	1,176,123	1,153,132
Commitments and contingencies
Shareholders’ equity:
Preferred stock, no par value; 3,000,000 shares authorized, none issued	0	0
Common stock, no par value; 45,000,000 shares authorized, 25,345,798 and 25,408,397 shares issued and outstanding at March 31, 2020 and June 30, 2019, respectively	62,314	64,287
Retained earnings	964,538	939,930
Accumulated other comprehensive loss	(129,174)	(90,088)
Total shareholders’ equity	897,678	914,129
Total liabilities and shareholders’ equity	$ 2,073,801	$ 2,067,261